Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS??? EQUITY AND STOCK-BASED COMPENSATION (Tables)

v3.24.3
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Option Activity
A summary of the Company's stock option activity during the nine months ended September 30, 2024 is below:
Shares Weighted average exercise price
Outstanding at January 1, 2024 35,599,421 $ 0.78 
Granted 60,000 $ 0.14 
Exercised $ — 
Forfeited (3,750) $ 0.44 
Expired (406,250) $ 0.93 
Outstanding at September 30, 2024 35,249,421 $ 0.78 
Schedule of Fair Value Assumptions of Options
The grant date fair value of the stock options granted in the nine months ended September 30, 2024 was estimated using the Black-Scholes valuation model with the following assumptions:

Estimated life (in years)
1.18
Weighted average volatility 64.81%
Weighted average risk-free interest rate 5.12%
Dividend yield
Schedule of Activity Related to RSUs
The activity related to the Company's RSUs for the nine months ended September 30, 2024 was as follows:
RSUs Weighted average grant date fair value
Unvested at January 1, 2024 5,825,538 $ 0.42 
Granted 3,189,428 $ 0.20 
Vested (2,005,469) $ 0.43 
Forfeited (273,075) $ 0.38 
Outstanding at September 30, 2024 6,736,422 $ 0.31